Member Info for January2

Still around and reading the board.

Just to clarify as there was much discussion around the recent ENQ update.

FCF was not disclosed in the May 2025 update last year, so why were so many complaining about it not being disclosed this year 2026.

Historically the May update has never disclosed FCF to my knowledge.

SP is "cooling its jets" before the next repairer spike !

Expecting a move back to near the 20p level in the coming few weeks.

Not expecting to see the 60p Party any time soon, or even this year , however the re-rate should continue this year.

The Worm is begining to turn !

Just need EPL removal and a Transformational Deal before year end -

Then let the Party begin !

Cheers KO for the update . Sorry I'm not so up todate on the details as I've not been scrutinising everything for a while now. Still invested as before, not sold any.

Just been checking share price from time to time. Bit of a do or die on my retirement 63 in January and running out of time for the 60p party. Lol. Hope you and your family are all well. We deserve to be rewarded for our many years of commitment. All the best - JAN

TW - not sure refinancing would be worth the effort. 2 years remaining. What could you expect to save on the rate ? 2% tops. Realistically more like 1% . Saving maybe 6 million over 2 years! Minus any early redemption costs plus set up costs of new one . Add in time and I Doubt if it's worth it .

TW - not sure refinancing would be worth the effort. 2 years remaining. What could y

Surely AB has to keep the dividend going otherwise what was the point of the last intial dividend ?

if your just going to stop it at the next hurdle then it was a silly move that the market will only use to deflate the SP even further !

No, i'm expecting the dividend to be retained but at a level no higher than before (5%).

As for the transformational deal, then again, I can't see AB is going to stop working on one ! That's not his style. We just have to wait until he closes it . I'm happy if we keep collecting the dividend while we wait. The 2 big game changers are the Transformational deal and meaningful positive changes to the EPL. The worst I see for us is NO change in the status quo. If we get the both game changers in the next 12 months then we should see a huge increase in the share price.

Good evening guys !

I have continued to hold my vast number of Enquest shares since my last post, well over a year ago. I did not sell one share and stopped looking at the share price and oil price multiple times a day ! I had a long break, forgot about this investment and got on with my life.

Now due to receiving an unexpected dividend recently - I have come back and sadly nothing seems to have changed, still no 60p party ! lots of promises and possibilities (as before) .

However lovely to see/read some great names are still here ! Lets get some party here at Enquest going soon before we get to old to type/post

All the best ,

JAN

Hi Whiteace,
Hope you and the family are well.
Average production above 50k bpd. Which is good.
Some were posting/saying 45/46/48 at the start of the year. So far they have been proved wrong !

Yes Banana,
I do read OU 's clearly. Maybe you should do so, and try to understand them.
The OU this year in May (today) did not mention net debt. The OU last May 2021 also did not mention net debt. Why = ?
Because it is an " Operational Update" and NOT debt analysis or results RNS. The exception was in 2020 and I suspect it was mentioned because the company wanted to show the market that it was "surviving" in those panic months of early covid !
This period in 2020 was exceptional times.
So why do you get so frustrated ? Do you not believe that Enquest is paying down debt with 100+ oil ? Do the maths Banana and work it out for yourself ! All the figures/numbers are there, you just need to work it out ! OR wait until September when you WILL get your net debt figure calculated for you.
Maybe you should attend the AGM and ask some questions yourself rather than crying on our shoulders here ! See you there Banana.

You are right Mrc,
However BP and Shell for that matter, may wish to show the British government that they are actually investing new money into new aquasitions/projects in the North Sea. The world has changed in the last few months. Mega Oil producers like BP have written-off billions in Russia. Maybe "Daddy Is Coming Home". M&A activity in the North Sea seems very likely in the coming months. A buy-out of Enquest = possible, but so is a JV . 60p will always be the Magic number here. Either due to an offer by a suiter or by the debt falling so much that a 60p valuation is hit by year end.

Good to have production confirmed above 50k bpd for the year todate. Was hoping that ENQ wold break with tradition and give some debt info, but hey ho we will have to wait until September.
Enquest have historically just only talked "production" on their production updates, which is fair enough. Financials are saved for full year and half year results.
I have published my numbers before and based on the production update, hedges and POO . I still have FCF for Enquest currently at between 60m - 70m per month . Expecting debt to be down to just under 400m at year end, easily hitting the 0.5 target.

Interesting post today from Sipp10 @ 11.26 and romaron's posts.

The rest was just a load of old Banana's .
The guy just keeps going round and round in circles. When everyone is on one side of the fence and your on your own on the other side. A clever person would surely look at themselves and say " I think that I have made my point, time to shut up ! "

Back to Enquest - Should be an interesting week. Oil Technicals looking like a retest of $116 is on the cards. According to IR the operational update will be out in May, so this week is highly likely. Expecting production average to be maintained above $50k bpd for the year. (thanks to Therapist 0&G figures). How much more debt have we paid off ? What project/s are AB working on at present ? Will they serve Coffee at the AGM ?, or has someone forgot to order it ? Incompetence all around. I'm off to the market to buy some banana's. Someone's got to eat them !

Good Idea romaron,
I just went to do the same. Putting a Sell order in on my Lloyds share dealing platform for my first tranche too ! However when I put in the 59.90p sell price it then asked me for a time period on the sell order. It offered me 30,60 or 90 days.
Well I was thinking of bananaJoe and feeling confident about what deal that AB could doing at this time, so I clicked on the 30 days !
In fact if you look back in history AB has always been working on some deal. Golden Eagle, Bentley, Magnus, Kraken etc etc . Only this time I would ask - Is he buying or selling ? Enquest is 12 years old, AB is getting older. Maybe he is tempted to spend his time with the "AB Foundation" on a full time basis, working as a philanthropist. 60p anyone ?

Welcome aboard BTFATH1,
Just having a bit of a laugh. The Banana put me in the mood for it !
Maybe try making a bit more than a penny profit before you sell again. Ops Update next week then ?
Am I Jenny or is that Spindok ? I guess it must be spin as James Hargreaves invented the 'Spinning Jenny'.

BTFATH1,
Did you get Social Housing ?
I understand that they do it in certain villages now.

Banana,
Every day I am alive is a cause for celebration. A reason to be happy. It's better live with a smile on your face , they say it even helps you to live longer ! - Thank you for your last post, it made me smile/laugh.
As for Enquest, the operational update will be released soon, and as you point out, "surely the market will react very positively" and we will all have a lot more money in our accounts.
I am sure that you can see how great Enquest's future is, which is why you hold shares here !

@BananaJoe
"As a spurs fan I know you see incompetence as virtue, so I know that you are not going to be disappointed tomorrow."

How can I be dissapointed. Spurs will qualify for the Champions League ! - No incompetence here - look to Arsenal for that ! They let Spurs steal their 4th place slot !

Maybe our RNS operational update is out tomorrow !
They did say in May. They like Thursdays.
Therapist said we are now doing more than 50k bpd production.
I say FCF will be adding value of between 3p - 4p per month.
E121 hinted at SP rising +10% on ops update release.
Stumpy sees 43p/44p soon on the charts.
Spindok's gone sailing.
romaron will meet Juan at the AGM.

Pulled back a few dollars due to the US suggesting to Europe that they impose a Russian Oil Tariff rather than an Oil Embargo.
Meanwhile in the Urals, Russian oil production is falling as we were discussing on the board here a few days ago. Interesting read. Should get worse when May figures are out !

https://www.reuters.com/business/energy/russian-crude-production-plunges-by-nearly-9-april-opec-data-shows-2022-05-17/